Loading...
Loading...
- William Blair analyst Louie DiPalma had a Market Perform rating on BigBear.Ai, Inc BBAI.
- The share price for BigBear.ai jumped after it won a multiple award $900 million Indefinite Delivery/Indefinite Quantity (IDIQ) contract from the U.S. Air Force.
- The contract indicated that there were 92 other awardees for the contract against whom BigBear had to fight to win orders carrying a ceiling value of $900 million.
- The contract indicated that each vendor won $1,000. The multiple vendors further boosted the risk of BigBear not winning any order concerning the contract.
- Additionally, the contract being an IDIQ instead of a definitive agreement, there is also the risk of BigBear not winning the total amount over the contract period.
- The AI-powered analytics solutions provider has a market cap of $107.4 million.
- Price Action: BBAI shares are trading higher by 240.40% at 2.88 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in